GBPAUD is practically neutral on its 1D technical outlook (RSI = 44.487, MACD = -0.002, ADX = 28.797) as the LL leg of the Channel Down was negated by the Double Bottom that was formed today. The 1D RSI turned upwards on a HL trendline and this is a short term bullish call, targeting the top of the pattern (TP = 1.94000).
See how our prior idea has worked out:
...
GBP/AUD is falling towards a support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.92627
Why we like it:
There is an overlap support level which aligns with the 50% Fibonacci retracement.
Stop loss: 1.91771
Why we like it:
There is a pullback support level which...
Price is falling towards the an overlap support zone which lines up perfectly with the 50% Fibonacci retracement.
A bounce from this level could lead the price to rise to the upside
I'm bullish biased
After a 5-wave impulse move, GBP/AUD has started the correction. Right now the price is completing the "A" wave. there is a possibility that the price will bounce back after reaching FIB 0.5.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published...
GBPAUD is rising towards a resistance level which aligns with the 50% and the 78.6% Fibonacci retracement and reverse from this level to our take profit
Entry: 1.92761
Why we like it:
There is a pullback resistance level which aligns with the 50% and the 78.6% Fibonacci retracement
Stop loss: 1.94481
Why we like it:
There is a pullback resistance level
Take...
The GBPAUD pair gave us an excellent buy signal last time we looked at it (December 29 2023, see chart below), easily hitting our 1.9000 Target:
This time we have a Sell Signal that the pair just flashed as it just broke today below the 1D MA200 (orange trend-line) for the first time since January 15. Last time that happened was on December 13 2023, when...
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Likely just gonna play along with this range formed on higher timeframe.
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an...
My analysis on GBP AUD, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci...
GBPAUD violated a solid horizontal supply zone.
After its retest, the price formed a cup & handle formation on an hourly time frame.
Bullish violation of its neckline confirms the significance of the broken structure.
We can anticipate a growth on the pair at least to 1.9464
❤️Please, support my work with like, thank you!❤️
Weekly: Bearish, Rejection from major weekly resistance 198.550, Failed retest of Head and shoulders pattern price closed above the right shoulder, recently mitigated ob 1.98550, Made a Double bottom pattern at daily supply zone 1.86550, Unmitigated ob at 1.87625, Bearish rejection candle at daily resistance 1.94750, Bullish choch
Daily: Consolidation, Inverse...
Hey Traders, in today's trading session we are monitoring GBPAUD for a buying opportunity around 1.92600 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.92600 support and resistance area.
Trade safe, Joe.
Hey Traders, in the coming week we are monitoring GBPAUD for a buying opportunity around 1.93200 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.93200 support and resistance area.
Now, let's delve into the fundamental aspect: Recent remarks from Huw Pill, the chief economist at the Bank of...
GBPAUD is expected to buy more after it makes it retracement to our support zone and our 50 Exponential moving average that correlates with the 50 moving average, then we buy to the net four hour highs.
The GBP/AUD pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downward breakout from a triangular consolidation pattern could offer a shorting opportunity.
Key Points:
Triangle Breakout: The price has been confined within a triangle formation, characterized by converging support and resistance lines....
#GBPAUD
UPDATE
Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #GBPAUD.
GBPAUD is forming a bullish peanut pattern, which is an indication of flying high in upcoming time. Here we can see that it is on the major support zone, and we can see that is is forming a bullish candle.
We can take...
Hey Traders, in tomorrow's trading session we are monitoring GBPAUD for a buying opportunity around 1.91800 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.91800 support and resistance area.
Trade safe, Joe.
Safe to say I'm simply using technical on the move made by gold. I typically look to trade the inverse of Gold when the move happened before I cold catch it. ( not 100% fool proof)
